With the Fed’s decision as to whether or not to raise interest rates at the gates, the markets are awake, for what could be an interesting development. On Wednesday, the Fed will announce its interest rate decision. They will most likely opt for a 75 basis point hike.
The oil market is certainly not excluded from these economic dynamics. Traders are eagerly waiting to know the future of rates, meanwhile on Monday 19th the price has timidly continued its retracement, after bouncing off the important $ 80 price structure. Will the price continue its descent that began in July of this year? We’ll see … good vision.
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Subtitles
interesting situation here on the oil market watch the event in the end because i’m going to show you if there are trading opportunities on this interesting market hello everybody welcome back to another video today i’m going to analyze the oil market to see if there are training opportunities for the next days this is going to be a very important week because on wednesday we’re going to have a interest rate decision by fed and i’m here on the daily chart of wti um price action is pretty clear because we are in a very strong bearish impulse the price
is just below the 200 ema and now um it’s just rebounded beyond its very strong price capture around 81. 20.
we got a nice rebound and uh if we look at our left we can see that price is re-testing this price structure around
85
so what we may expect in the next days well possibilities as usual in trading uh
r3 um i think that the majority of the traders are gonna wait for the site decision but let me open the pan
in case buyers take control and are able to push the price
higher it would be interesting to see the price approaching the 200 ema or if sellers are strong enough we may see the price again approaching retesting the 80 level if market waits for uh the fed decision we may have a range market between uh 85 and 89.90 so if you have pretty good ranging uh strategies i think this is the perfect land to use them this is of course this is not a training advice this is just me now this is i’m gonna i’m gonna check it out i’m gonna follow it in the next days i am the trader so i will uh take my decision uh it’s a total personal call if you’re newbie just follow the action and see what will happen so for today’s everything see you soon bye